China Reiterates Financial Support for SMEs

　　The State Council here in China has detailed¹ a new list of targets to try to support small and micro-sized businesses here in China.

 

　　CRI's Hu Jia with the details.

 

　　China's Cabinet is throwing more support behind small and micro-sized businesses by emphasizing more financing innovation and credit for the cash-thirsty private sector².

 

　　8 detailed targets have been released by the State Council, clarifying the credit growth rate to SMEs can't be under the national average lending rate.

 

　　At the same time, the incremental³ amount shouldn't be below what was lent last year.

 

　　Tan Yaling is head of the China Foreign Exchange Investment Research Institute.

 

　　She says policy makers⁴ have made a point of reiterating⁵ the policies to show the government's resolution in supporting small and micro-sized businesses.

 

　　In truth, she notes all of the 8 policies put forward in the new detailed list have already been issued this year.

 

　　They include the recent scrapping⁶ of the value-added tax for businesses with monthly revenues under 20-thousand yuan, among other moves.

 

　　However, Tan Yaling points out the biggest issue for small companies in China is getting access to credit, as many banks are reluctant to lend to companies which won't provide a large return in interest payments.

 

　　She stresses the coordinations between small financial institutions and SMEs.

 

　　"Financial institutions over the course of their developments have not address the SME financing woes⁷ or just ignore their demands. This time the State Council has specifically cited small financial institutions to tackle the problem faced by SMEs."

 

　　At the same time, private banks, financial leasing companies and consumer financial firms are being encouraged to set up branches in areas where small businesses are concentrated.

 

　　Policymakers have also vowed⁸ that more will be done to prevent unreasonable⁹ charges on small businesses.

 

　　Zuo Xiaolei with China Galaxy¹⁰ Securities.

 

　　"All in all we need to actually do it. I mean, many problems here in China are actually the problems of implementation¹¹. I expect more actual implementations, or a punishment mechanism¹² to be set up if those goals are missed."

 

　　With the economy slowing through the past few quarters, the Chinese government has been gradually shifting its focus toward small businesses expansion in an attempt to try to expand domestic needs and employment.

 

　　Official data shows 99 percent of companies registered in China are small or medium-sized companies.

 

　　They provide 80 percent of all employment in urban areas, and make up 60 percent of China's economic output.

 

　　For CRI, I'm Hu Jia.

1 detailed   

adj.详细的，详尽的，极注意细节的，完全的

参考例句：

• He had made a detailed study of the terrain.他对地形作了缜密的研究。
• A detailed list of our publications is available on request.我们的出版物有一份详细的目录备索。

2 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

3 incremental   

adj.增加的

参考例句：

• For logic devices, the incremental current gain is very important. 对于逻辑器件来说，提高电流增益是非常重要的。 来自辞典例句
• By using an incremental approach, the problems involving material or geometric nonlinearity have been solved. 借应用一种增量方法，已经解决了包括材料的或几何的非线性问题。 来自辞典例句

4 makers   

n.制造者，制造商（maker的复数形式）

参考例句：

• The makers of the product assured us that there had been no sacrifice of quality. 这一产品的制造商向我们保证说他们没有牺牲质量。
• The makers are about to launch out a new product. 制造商们马上要生产一种新产品。 来自《简明英汉词典》

5 reiterating   

反复地说，重申( reiterate的现在分词 )

参考例句：

• He keeps reiterating his innocence. 他一再申明他无罪。
• The Chinese government also sent a note to the British government, reiterating its position. 中国政府同时将此立场照会英国政府。

6 scrapping   

刮，切除坯体余泥

参考例句：

• He was always scrapping at school. 他在学校总打架。
• These two dogs are always scrapping. 这两条狗总是打架。

7 woes   

困境( woe的名词复数 )； 悲伤； 我好苦哇； 某人就要倒霉

参考例句：

• Thanks for listening to my woes. 谢谢您听我诉说不幸的遭遇。
• She has cried the blues about its financial woes. 对于经济的困难她叫苦不迭。

8 vowed   

起誓，发誓（vow的过去式与过去分词形式）

参考例句：

• He vowed quite solemnly that he would carry out his promise. 他非常庄严地发誓要实现他的诺言。
• I vowed to do more of the cooking myself. 我发誓自己要多动手做饭。

9 unreasonable   

adj.不讲道理的，不合情理的，过度的

参考例句：

• I know that they made the most unreasonable demands on you.我知道他们对你提出了最不合理的要求。
• They spend an unreasonable amount of money on clothes.他们花在衣服上的钱太多了。

10 galaxy   

n.星系；银河系；一群(杰出或著名的人物)

参考例句：

• The earth is one of the planets in the Galaxy.地球是银河系中的星球之一。
• The company has a galaxy of talent.该公司拥有一批优秀的人才。

11 implementation   

n.实施，贯彻

参考例句：

• Implementation of the program is now well underway.这一项目的实施现在行情看好。

12 mechanism   

n.机械装置；机构，结构

参考例句：

• The bones and muscles are parts of the mechanism of the body.骨骼和肌肉是人体的组成部件。
• The mechanism of the machine is very complicated.这台机器的结构是非常复杂的。